scholarly journals A COMPARATIVE ANALYSIS OF GLOBAL COMPETITIVENESS AMONG BRIC NATIONS: IMPLICATIONS FOR CHINA

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Mark Kam Loon Loo
Keyword(s):  
Global Economy ◽  
National Income ◽  
Sustainable Growth ◽  
Land Area ◽  
Global Competitiveness ◽  
Stable Growth ◽  
Big Four ◽  
Global Population ◽  
India And China ◽  
China’S Growth

Since the acronym BRIC was coined in 2001, the world has touted Brazil, Russia, India and China as the emerging superpowers and engines of growth that would supersede the G7 economies and revive the sagging global economy. By 2010, the Big Four accounted for only 25% of the world’s gross national income despite owning over 25% of land area and over 40% of global population. This paper analyzes the global competitiveness of the BRIC nations over 15 years, in three five-year periods, and finds only China has shown stable growth. What then are the secrets to China’s growth and can China maintain growth? This paper then investigates the performance of China’s pillars of competitiveness and identifies the weak pillars, drawing attention to the issues and making recommendations for sustainable growth.

What we can learn from the parallels between the COVID-19 and the future climate change crises

2020 ◽  
Author(s):  
Rubén D. Manzanedo ◽  
Peter Manning
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
Global Climate ◽  
Future Climate Change ◽  
Substantial Portion ◽  
Preventative Measures ◽  
The Future ◽  
Behavioral Norm ◽  
Climate Crisis ◽  
Global Population

The ongoing COVID-19 outbreak pandemic is now a global crisis. It has caused 1.6+ million confirmed cases and 100 000+ deaths at the time of writing and triggered unprecedented preventative measures that have put a substantial portion of the global population under confinement, imposed isolation, and established ‘social distancing’ as a new global behavioral norm. The COVID-19 crisis has affected all aspects of everyday life and work, while also threatening the health of the global economy. This crisis offers also an unprecedented view of what the global climate crisis may look like. In fact, some of the parallels between the COVID-19 crisis and what we expect from the looming global climate emergency are remarkable. Reflecting upon the most challenging aspects of today’s crisis and how they compare with those expected from the climate change emergency may help us better prepare for the future.

scholarly journals The Pacification of the Favelas: Mega Events, Global Competitiveness, and the Neutralization of Marginality

2013 ◽  
Vol 9 (2) ◽  
Author(s):  
Sebastian Saborio
Keyword(s):  
Community Policing ◽  
Rio De Janeiro ◽  
Global Economy ◽  
Sporting Events ◽  
Safe Place ◽  
Global Competitiveness ◽  
Mega Events ◽  
The City ◽  
Article Analyse ◽  
Do So

<p>Rio de Janeiro is preparing to host two major sporting events in the coming years: the 2014 FIFA World Football Cup and the 2016 Olympic Games. Local authorities are promoting these mega events as an opportunity to increase the global competitiveness of the city. But in order to attract private capital from the global economy it is not enough for Rio to showcase the city as capable of organizing and implementing these events. Rather, the authorities must also demonstrate that what has been considered one of the most dangerous cities in the world can now become a safe place for business. To do so, what has been promoted as a new model of &lsquo;community policing&rsquo; the UPP (Pacifying Police Units) has been implemented since 2008 in 107 favelas. The majority of the favelas involved in the program are situated around the sites where these mega events will take place and around other wealthy areas of the city. This article analyses the relation between mega events, global competitiveness and the neutralization of local marginality.</p><p>&nbsp;</p><p>Rio de Janeiro se pr&eacute;pare &agrave; accueillir les plus grands &eacute;v&eacute;nement sportifs des prochaines ann&eacute;es: la coupe du monde de football en 2014 et les jeux olympiques en 2016. Les autorit&eacute;s locales valorisent ces &eacute;v&eacute;nements mondiaux comme autant d&rsquo;opportunit&eacute;s pour augmenter la comp&eacute;titivit&eacute; de la ville.&nbsp; Cependant, il n&rsquo;est pas suffisant pour attirer les capitaux priv&eacute;s de l&rsquo;&eacute;conomie mondiale que Rio soit valoris&eacute;e comme une ville capable d&rsquo;organiser et de g&eacute;rer ces &eacute;v&eacute;nements. Les autorit&eacute;s doivent aussi d&eacute;montrer que, ce qui auparavant &eacute;tait consid&eacute;r&eacute; comme une des plus dangereuses villes du monde, peut maintenant devenir un endroit s&ucirc;r pour les entreprises. Dans ce but, l&rsquo; UPP (Pacifying Police Units) a &eacute;t&eacute; mis en place en 2008 dans 107 favelas et est d&eacute;crit comme le nouveau mod&egrave;le de la police communitarian. La plupart des favelas int&eacute;gr&eacute;es dans le programme sont situ&eacute;es autour des lieux qui accueilleront les &eacute;v&eacute;nements et dans d&rsquo;autres endroits confortables de la ville. Pour cette raisons, cette article analyse les relations entre les &eacute;v&eacute;nements mondiaux, la comp&eacute;titivit&eacute; mondiale et la neutralisation de la marginalit&eacute; locale.</p>

APEC Leaders Meet in Vancouver, Address Economic Crisis, Challenges of Globalization

1998 ◽  
Vol 9 (1) ◽  
pp. 108-111
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Global Economy ◽  
Sustainable Growth ◽  
Asia Pacific ◽  
Full Potential ◽  
Leading Role ◽  
The People ◽  
Open Trade ◽  
Trade And Investment

We, APEC's Economic Leaders, met today in Vancouver, Canada, to reaffirm our commitment to work together to meet the challenge of sustaining regional prosperity and stability. Certain of the dynamism and resilience of the region, we underline our resolve to achieve sustainable growth and equitable development and to unlock the full potential of the people who live here. We agree that the prospects for economic growth in the region are strong, and that Asia-Pacific will continue to play a leading role in the global economy. The goals we have set, including the achievement of free and open trade and investment in the region by the dates set out in the Bogor Declaration, are ambitious and unequivocal.

scholarly journals Financial Strategy considering Sustainable Growth: evidence from China and Russia gas market companies

2019 ◽  
Vol 13 (1) ◽  
pp. 76-92 ◽  
Author(s):  
Alina Steblyanskaya ◽  
Zhen Wang ◽  
Elena Ryabova ◽  
Svetlana Razmanova ◽  
Maxim Rybachuk
Keyword(s):  
Global Economy ◽  
Growth Strategy ◽  
Sustainable Growth ◽  
Financial Strategy ◽  
The Past ◽  
Ambiguous Situation ◽  
Sustainable Growth Rate ◽  
Financial Growth ◽  
Gas Market ◽  
The One

Over the past ten years have seen ambiguous situation concerning China and Russia gas companies. On the one hand, companies’ reports show conservative policies and sustainable growth in the coming years, on the other hand, companies’ financial performance suggest another situation because of insufficient level of financial indexes that reflects the inconsistency of existing sustainable growth approaches. These indicates relevance of the research concerning China and Russia gas market companies’ financial sustainable growth in conditions of global economy and investment policy implementation. The main purpose of the Research is to analyze China and Russia gas market companies’ financial growth strategy by means of Geniberg Z – matrix as well as enhanced Financial Sustainability Indicators System indexes by identifying which indicators have a greater influence on Sustainable Growth Rate. It is found that ROCE, ROFA, CR, DOL, ROL influence on Russian gas market companies’ SGR, and ROCE, WACC, ROL, CG Dummy influence on Chinese gas market companies sustainable growth.

Tourism Destination Competitiveness of India and China

2017 ◽  
pp. 191-202
Author(s):  
Sushma Rewal Chugh ◽  
Chander Mohan Parsheera
Keyword(s):  
Tourism Industry ◽  
Asian Countries ◽  
Indian Culture ◽  
China And India ◽  
Destination Competitiveness ◽  
The World ◽  
Growing Economy ◽  
Tourism Potential ◽  
Global Population ◽  
India And China

China and India are the two world's most populous Asian countries. Together they constitute about 40% of the total global population. Both the Asian countries have remarkable similarities. India and China boast of having a very ancient and rich civilization and they have a strong and growing economy. For developing countries like India and China tourism presents a wonderful opportunity to earn much needed foreign exchange. Compared to China, the ancient and unique Indian culture is still very much alive. In spite of all these attractions and ethnic charm, tourism industry in India is still underdeveloped in contrast to many other neighboring countries. Tourism in India is still in a stage of infancy. China has emerged much ahead of India in terms of tourist arrivals. China has been successfully tapping its rich tourism potential. China is the 3rd most frequented country of the world after France and U.S.A. This paper has tried to explore the reasons of tourists' preference of China over India by taking into cognizance varied experiences and perceptions of tourists in both the countries and comparing them. A total number of 180 comments of 60 foreign travelers who visited China and India respectively and posted comments on www.virtualtourist.com were studied. It emerged from the study that India and China both the countries thrive on culture and history. People are intrigued by Indian and Chinese philosophies. Although the flying distance between the two countries is no more than eight hours, foreign tourists prefer to visit China over India as India carries a negative image among foreign tourists in terms of hygiene, safety, and infrastructure.

A Study of India's Trade Relations with China in WTO Era

2014 ◽  
Vol 5 (1) ◽  
pp. 46-58 ◽  
Author(s):  
Surendar Singh ◽  
R. C. Mishra
Keyword(s):  
Foreign Trade ◽  
Global Economy ◽  
Final Section ◽  
Economic Structure ◽  
Major Change ◽  
Total Trade ◽  
Trade Relations ◽  
The World ◽  
India And China

China's joining of WTO in 2001 has completely changed its economic structure and its entry in WTO proved to be a landmark event in the global economy. As a result, China's trade relations with the world have improved significantly particularly with India. Both, India and China are the fastest growing economies in the world since they have grown at rate of 8% and 10% GDP respectively. The total trade between India and China was reached to $60 billion in 2010. However, the major change in the trade relations between India and China has come after China's joining of WTO in 2001. In the above background, this paper is divided into three parts. The first part of the paper examines the direction of foreign trade of China after becoming a member of WTO and, the second part analyzes India's trade relations with China (Pre and Post China's joining of WTO). The final section of the paper delineates the major constraints between India and China for improving trade relations.

scholarly journals Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

2019 ◽  
Vol 11 (12) ◽  
pp. 3365 ◽  
Author(s):  
Dana Kiseľáková ◽  
Beáta Šofranková ◽  
Miroslav Gombár ◽  
Veronika Čabinová ◽  
Erika Onuferová
Keyword(s):  
Human Resources ◽  
Human Development ◽  
Research Problem ◽  
Business Environment ◽  
Sustainable Growth ◽  
Panel Analysis ◽  
Global Competitiveness ◽  
Global Competitiveness Index ◽  
The Impact ◽  
The Eu

In this paper, the following research problem was addressed: Is there a significant economic impact of multidimensional specified competitiveness within the EU (28) countries on the competitive business environment, human development, and sustainable growth? Based on the mentioned research problem, we formulated the aim of paper: To detect the significant interrelations among the assessment of global competitiveness, business environment as well as human development in the EU (28) countries for the period of 2006–2017. To address these problems, the methodology of global multi-criteria indices, namely the global competitiveness index (GCI), doing business index (DBI), and human development index (HDI), as well as panel analysis and non-linear regression analyses with ANOVA, were applied. The panel analysis results suggest that there is a direct linear relationship between the GCI and HDI. Moreover, the impact of the DBI on the change in the GCI score was not confirmed. We identified the main areas of countries’ interest, and important economic and statistical significant relations of competitiveness by creating three models: The GD model (constructed by GCI and DBI scores), GH model (GCI and HDI scores), and GDH model (GCI, DBI and HDI scores). Based on the results, all interrelations were confirmed. However, the highest extent of variability for the explanation of the selected data was recorded in the case of the GDH model (87.12%). We detected the impact of the business environment and human resources as competitive advantages on global macroeconomic competitiveness. As the business sector in EU (28) countries is represented mainly by small and medium-sized enterprises (SMEs), enterprise activities play a key role in the process of sustainable competitive economic development. Moreover, human resources are considered to be another important driver of the internationalization of European SMEs.

Social effectiveness of the market economy: measuring and management

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aleksei V. Bogoviz ◽  
Anna V. Shokhnekh ◽  
Elena S. Petrenko ◽  
Elizaveta A. Milkina
Keyword(s):  
Market Economy ◽  
Global Economy ◽  
Human Potential ◽  
Content Type ◽  
Social Effectiveness ◽  
Global Competitiveness ◽  
Russian Economy ◽  
The Social ◽  
The Usa ◽  
Cyclic Algorithm

PurposeThe purpose of the paper is to develop the scientific and methodological provision for measuring and managing the social effectiveness of the market economy and its approbation.Design/methodology/approachWith foundation on the classical idea of effectiveness as a ratio of results to costs, and with acknowledgment of incompatibility and inequality of the elements of social effectiveness and the necessity of their ranking, the authors' formula for its evaluation is presented, and the methodology of its application is offered.FindingsIt is substantiated that the economic component of effectiveness of the market economy might have no connection with its social component, moreover, these two components could enter a vivid contradiction. This contradiction is especially vivid in countries with developed market economy. As the example of the USA shows despite the high global economy its market economy shows average statistical social effectiveness. While the experience of Russia shows that even with moderate global competitiveness of the market economy, it is possible to achieve its high social effectiveness. Advantages are achieved due to other social effects – active development of human potential and using the opportunities of the digital economy for social purposes. Social effectiveness of the Russian economy is assessed at 1.602.Originality/valueThe determined differences in the level of social effectiveness of developed and developing market economy predetermined the necessity for applying different measures to manage this effectiveness. A cyclic algorithm for managing the social effectiveness of developed and developing markets has been developed from the examples of the USA and Russia in 2019. It shows that perspectives of increasing the social effectiveness of certain market economies and leveling the disproportions of social effectiveness in the modern global economic system are connected to change of the measures of management with results and costs and for avoiding their mutual neutralization, the authors offer scientific and practical recommendations.

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